The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has been called before the Senate Committee on Banking, Insurance, and Other Financial Institutions to discuss the status of the economy and the depreciation of the Naira in the foreign exchange market.
This was revealed in an interview with reporters by committee chairman Senator Adetokunbo Abiru (APC, Lagos), following his panel’s Wednesday meeting behind closed doors.
He said the committee, during the meeting, took the decision to summon the apex bank governor to brief the lawmakers Tuesday next week on what is being done to address the economic and Naira value crisis.
Naira continued its free fall on Tuesday, sinking to a record low of N1,482.57 per dollar following demand on the official market.
Senator Abiru said the state of the